HomeMy WebLinkAboutNo. 0912 approving an application for real property tax deduction (Niles/Colfax Associates, 431 E. Colfax Ave.)RESOLUTION NO. 912
A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6 -1.1- 12.1 -2(j) provides that an application for
property tax deduction may not be approved when the property is
located in an allocation area as defined in I.C. 36- 7- 14 -39, unless
the Redevelopment Commission which designated that allocation area
adopts a resolution approving that application; and
WHEREAS, the South Bend Common Council has received a petition
for ten years of real property tax abatement consideration from The
City of South Bend, Department of Redevelopment, on behalf of
Niles /Colfax Associates for real property located at 431 E. Colfax
Avenue in the South Bend Central Development Area, the legal
description of which is attached hereto, marked Exhibit "A" and
incorporated herein; and
WHEREAS, this Commission declared the South Bend Central
Development Area by Resolution No. 737 adopted May 10, 1985, and in
the same resolution declared the South Bend Central Allocation Area
(South Bend Allocation Area No. 1A); and
WHEREAS, the property located at 431 E. Colfax Avenue is
located within the South Bend Central Allocation Area (South Bend
Allocation Area No. 1A).
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission as follows:
1) The Commission finds that the application from The City of
South Bend, Department of Redevelopment, on behalf of Niles /Colfax
Associates for ten years of real property tax abatement
consideration for property located at 431 E. Colfax Avenue in the
South Bend Central Allocation Area (South Bend Allocation Area No.
1A) is hereby approved.
2) That a copy of this resolution be forwarded to the South
Bend Common Council to indicate the Commission's approval of the
City of South Bend, Department of Redevelopment on behalf of
Niles /Colfax Associates' petition for real property tax abatement.
Approved this 9th day of February, 1990, at the regularly
scheduled meeting of the South Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
A) - fiJke-�,
Paula N. Auburn, Vice President
ATTEST:
Roman Piasecki, Secretary
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